European equities start higher

European equities start higher

On Thursday, European stocks started higher because a fresh batch of corporate earnings reports was closely watched. Traders also paid attention to the final data on euro zone inflation.

The EURO STOXX 50 tacked on 0.39%, France’s CAC 40 gained 0.41%, Germany’s DAX 30 added 0.44%.

As for financial stocks, they mostly gained, as French lenders Societe Generale as well as BNP Paribas rallied 0.09% and 0.17% respectively. Meanwhile, Germany's Commerzbank and Deutsche Bank soared 0.97% and 1.44% respectively.

Meanwhile, peripheral lenders, including Spanish banks Banco Santander and BBVA earned respectively 0.38% and 0.61%. In Italia, Intesa Sanpaolo and Unicredit definitely underperformed, with equities down 0.53% and 0.72% respectively.

FTSE 100 tacked on 0.2% higher in London, backed by 3i, whose equities gained 3.40% after the company posted a total return sag to £655 million for the six months by September 30 versus £1 billion in the same period of the previous year.

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